Executives Fleecing America
Again, the SEC is letting corporate executives make billions and say whatever in the heck they want to as the American public watches their retirements evaporate.
How can the SEC KNOWINGLY allow corporate executives to consistently say one thing and act in a totally opposite way? This used to be a crime a few years ago and I don't believe the law has changed.
EVEN AS TOLL BROTHERS' (TICKER: TOL) chief executive officer, Robert Toll, says he sees "sunlight during otherwise stormy conditions" in the home-building market, selling went on relatively unabated.(Barrons)
In the past few weeks, Bob Toll and his board member brother have sold about 3 million shares of Toll stock as Bob keeps telling shareholders he sees sunlight. BS....if he saw sunlight....they would be buying shares....not dumping making tens of millions in the process.
Again, this is just another example of trust breaking down.....if shareholders can't trust their CEO's and the board members supposed to protect them...who can they trust? The analysts?